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Bank Events in South Dakota

Every FDIC-insured bank failure, merger or acquisition involving a bank, credit union or bank holding company, and regulatory enforcement action affecting banks headquartered in South Dakota (SD).

32
Failures
247
Mergers
297
Enforcement
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Bank Directory
All South Dakota banks

Failures in South Dakota

Date Bank City Assets Acquirer or resolution
Jul 17, 2009 BankFirst Sioux Falls $210.8M Alerus Financial, N.A.
Apr 24, 1992 First FSB of South Dakota Rapid City $155.9M Metropolitan FB, FSB
Mar 8, 1991 First FSB Huron $51.9M Branch sale
Aug 19, 1988 Marshall County Bank Britton $10.7M First National Bank
Nov 10, 1987 Tri-State National Bank Belle Fourche $10.7M First Western Bank Sturg
May 7, 1987 First State Bank of Sisseton Sisseton $20.1M Farmers&merchants B&T Co
Mar 27, 1986 Stockholm State Bank Stockholm $7.2M Community STB of Stockho
Jun 15, 1984 Farmers State Bank Lyons $3.2M Dakota State Bank
Jun 17, 1983 Community Bank Hartford $32.0M Western Bank
Aug 3, 1940 Badger State Bank Badger $74K —
Sep 29, 1938 First State Bank Wilmot $165K —
Aug 31, 1938 Jerauld County Bank Wessington Springs $260K —
Aug 24, 1938 Hitchcock State Bank Hitchcock $79K —
Aug 16, 1938 Bank of Highmore (Drew BROS.) Highmore $109K —
Jul 27, 1938 Hutchinson County Bank Parkston $273K —
Jul 12, 1938 Hudson State Bank Hudson $254K —
May 17, 1938 Citizens State Bank of Andover Andover $78K —
Apr 25, 1938 State Bank of Irene Irene $176K —
Apr 19, 1938 Bank of Humboldt Humboldt $194K —
Apr 12, 1938 First State Bank of Ipswich Ipswich $210K —
Feb 1, 1938 Pollock State Bank Pollock $103K —
Jan 21, 1938 First State Bank of Wolsey Wolsey $123K —
Jun 16, 1937 The First National Bank of Pukwana Pukwana — —
Apr 30, 1937 St. Onge State Bank St. Onge $81K —
Apr 29, 1937 Whitewood Banking Company Whitewood $124K —
Feb 20, 1937 The Citizens State Bank of Lebanon Lebanon $154K —
Feb 18, 1937 Farmers State Bank Corsica $205K —
Feb 18, 1937 Akaska State Bank Akaska $92K —
Jan 12, 1937 Bank of Houghton Houghton $82K —
Dec 18, 1936 The First National Bank of Centerville Centerville $569K —
Apr 21, 1936 Farmers & Merchants Bank Revillo $128K —
Mar 18, 1936 Farmers State Bank Amherst $56K —

Mergers & Acquisitions involving South Dakota banks

Date Acquired (SD) Acquirer
May 5, 2012 First Bank of White First Bank & Trust
Dec 31, 2011 Turtle Creek Federal Credit Union Dakotaland Federal Credit Union
Nov 1, 2011 First Dakota Federal Credit Union Bluestone Federal Credit Union
Oct 1, 2011 Peoples State Bank American Bank & Trust
Oct 1, 2011 Kingsbury Bank Holding Company Leackco Bank Holding Company, Inc.
Oct 1, 2011 Interlakes Federal Credit Union Dakotaland Federal Credit Union
Aug 1, 2011 Midwest Partners Federal Credit Union Voyage Federal Credit Union
Jul 1, 2011 Citibank (South Dakota), N.A. Citibank, N.A.
Jan 1, 2011 Farmers State Holding Company First State Associates, Inc.
Dec 31, 2010 Meta Trust Company First Bank & Trust
Sep 26, 2009 First Western Bank First Interstate Bank
Sep 26, 2009 The First Western Bank Sturgis First Interstate Bank
Feb 2, 2009 Wells Fargo Financial Bank Wells Fargo Bank, N.A.
Oct 25, 2008 Valley Bank (National Association) Liberty National Bank
Jul 1, 2008 Langford State Bank First State Bank of Claremont
Apr 1, 2007 Farmers State Bank The First National Bank in Sioux Falls
Jan 13, 2007 Great Western Service Corporation Great Western Bank
Oct 1, 2006 Citibank USA, N.A. Citibank (South Dakota), N.A.
Oct 1, 2006 Dakota Catholic Federal Credit Union Voyage Federal Credit Union
Sep 30, 2006 The First Western Bank Custer First Western Bank
May 31, 2006 Sturgis Community Federal Credit Union Simply Service Federal Credit Union
Feb 4, 2006 Security Bank Great Western Bank
Dec 31, 2005 Rapid City Journal Employees Federal Credit Union Aspen Federal Credit Union
Dec 31, 2005 H&B Federal Credit Union HB Telco Federal Credit Union
Aug 1, 2005 Miner County Federal Credit Union East River Federal Credit Union
Jun 1, 2005 Sdsu-Brookings Federal Credit Union Dakotaland Federal Credit Union
Jan 6, 2005 BankFirst Corporation, Inc Marshall BankFirst Corporation
Oct 1, 2004 State Bank of Hudson Premier Bank
Jul 1, 2004 Watertown Rubber Workers Federal Credit Union Sioux Valley Cooperative Federal Credit Union
Apr 15, 2004 Dacotah Insurance, Ltd. Dacotah Bank
Apr 15, 2004 Dacotah Insurance, Ltd. Dacotah Bank
Feb 20, 2004 Wells Fargo Bank South Dakota, N.A. Wells Fargo Bank, N.A.
Feb 18, 2004 Nichols Financial, Inc. First Sleepy Eye Bancorporation, Inc.
Jan 1, 2004 American Bank Shares, Inc. First Western Bank
Jan 1, 2004 Northern Plains Federal Credit Union Voyage Federal Credit Union
Jan 1, 2004 First Western Bank First Western Bank
Nov 1, 2003 First State Bank of Sinai Citizens State Bank of Arlington
Nov 1, 2003 James River Valley Federal Credit Union Area Federal Credit Union
May 30, 2003 Great Western Bank Great Western Bank
Mar 1, 2003 Teamsters Local 749 Federal Credit Union Service First Federal Credit Union
Sep 28, 2002 Marquette Trust Company of South Dakota, N.A. Wells Fargo Bank South Dakota, N.A.
Dec 18, 2001 F & M Bank Holding Company of Valley City, Inc. Dacotah Banks, Inc.
Oct 31, 2001 First National Credit Card Company First National Bank
Mar 30, 2001 Founders Trust National Bank Great Western Bank
Mar 22, 2001 Community First State Bank Community First National Bank
Jan 2, 2001 The Peoples Bank Plains Commerce Bank
Sep 22, 2000 The First Freeman Corporation Cortrust Bank N.A.
Sep 22, 2000 The First National Bank of Freeman Cortrust Bank N.A.
Sep 1, 2000 Medical/Professional Federal Credit Union Palace City Federal Credit Union
Jul 15, 2000 Day County Bank Cortrust Bank N.A.

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